An adviser stored sensitive, personally identified information (PII) of clients and others on its third-party-hosted web server from 2009 to 2013. The web server was attacked in July 2013 by an unknown hacker who gained access and copy rights to … Read More ›

Mackensen & Company, Inc. (“MCI”) and Warren J. Mackensen have submitted an Offer of Settlement which was accepted by the Securities and Exchange Commission related to proceedings brought by or on behalf of the Commission. Mr. Mackensen and his family … Read More ›

The Securities and Exchange Commission (“SEC”) announced on August 10, 2015 that Guggenheim Partners Investment Management LLC (“GPIM”) settled charges that it breached its fiduciary duty by failing to disclose a $50 million loan one of its senior executives (“Executive”) … Read More ›

$1.1 Million. That was the amount Transamerica agreed to pay in order to settle the SEC charges that it improperly calculated advisory fees and overcharged clients. After an SEC examination in 2010, examiners found that Transamerica had offered breakpoint discounts … Read More ›

The Securities and Exchange Commission filed 734 enforcement actions in the fiscal year that ended September 30, 2012. In the area of Investment Advisers, the SEC filed several actions as a result of the compliance initiative, looking for advisers who … Read More ›